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20121208
20121208
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. the president's ultimatum driving has off that cliff. the "a-team" weighs in. michigan infamous documentarian, michael more is back, and he is angry, as always. if you plan to be part of is next movie, you had better be a union member. a low unemployment rate to a highumber of unemployed. what is going on with this economy? and what happens next year? former cbo director joins us next. ♪ lou: joining us now, the former director of the congressional budget office, former commissioner of the financial crisis inquiry commission, how many shows can brag that we have had two members of the commission on the same night and, as well, president o the american action form. pretend you're. >> thanks. lou: fighting words in washington. the speaker today actually said these words. the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. are you emotionally moved? do you think the nation is galvanized? >> i don't know if the nation is galvanized in the but i will be honest to my nervous about this. i view the clippers a genuine economic threat and
it in michigan, you do it in texas, somewhere else, that's not doing here. gerri:ell, i want to get you to another topic as well today, which is the federal house in administration, which is facing just an unprecedented financial problem and now sean donovan who runs the department of housing and urban development, hey, we are taking steps to try to lighten the load, but is it enough? and what is the right rescue? what is the right plan for the fha? >> actually, it is a timely question. we had the hud secretary before the banking committee yesterday. fha has over a trillion dollars in its portfolio. it is hemorrhaging billions of dollars. it has a negative worth of value right now. i am afraid it is going to be asking senate and later for a taxpayer bailout. they already have the mechanism in place to tap the treasury. i hope there won't. the sretary, i hope, will -- he has some tools at his discretion. he can run the premum of and bring in more money. he can stop the hemorrhaging that way. he can also, perhaps, what to he makes loans to. some of the loans that were made are just defaul
Search Results 0 to 1 of about 2